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Topic: Bitcoin ATM builder takes aim at traditional financial services (Read 920 times)

newbie
Activity: 42
Merit: 0
Getting those in the third world locations would make conversion easy for locals and turn the remittance market on its ear. The next logical step would be to recruit merchants in those companies so locals can keep their money in bit coin and divest from fiat altogether.

Only thing with these things is that currently, the fees to use them can reach eyewatering levels. I remember reading about the UK machines for example which levied a charge of around 7.5% per withdrawal, which somewhat negates the advantages with remittances (although by no means completely, let's be clear).. I hope that as more and more appear, the fees will become more reasonable.
Are there cheaper atms out there actually?
member
Activity: 145
Merit: 10
"The process of wire transfers, international wire transfers — we're going to smash them, we're going to crush them. We're going to totally disrupt that environment, and that's what I'm most excited about."

That's the spirit!

I like the enthusiasm, but it reminds me of this:
https://www.youtube.com/watch?v=d4etXBEq-ug
member
Activity: 235
Merit: 10
"The process of wire transfers, international wire transfers — we're going to smash them, we're going to crush them. We're going to totally disrupt that environment, and that's what I'm most excited about."

That's the spirit!
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
thanks for that. you should post that in the press-section  Smiley
sr. member
Activity: 406
Merit: 250
Getting those in the third world locations would make conversion easy for locals and turn the remittance market on its ear. The next logical step would be to recruit merchants in those companies so locals can keep their money in bit coin and divest from fiat altogether.
full member
Activity: 126
Merit: 100
Crypto Currency Live News
Bitcoin ATM builder takes aim at traditional financial services

http://www.latimes.com/business/la-fi-robocoin-20140708-story.html
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